According to a new report Global Margarine Market, published by KBV research, The Global Margarine Market size is expected to reach $4.3 billion by 2026, rising at a market growth of 4.5% CAGR during the forecast period.
The commercial application segment dominated the margarine market. The bulk demand for margarine in the food industry, hotels, restaurants, and cafes fueled the commercial use of the product. Bakery products have achieved substantial popularity as frozen or ready-to-eat food due to their improved acceptability and affordability. The household application segment is expected to see the fastest growth in the forecast period. There has been a change in market tastes toward low-fat spreads in the past few years.
Hard margarine led the market share. These products contain more non-unsaturated fatty acids or trans fats relative to soft and liquid forms. They are used in home-made and factory-made bakery products such as cookies, crackers, pies, roasts, croissants, doughnuts, and cakes. The liquid segment is expected to see the fastest growth in the projected period. Liquid margarine has gained significant popularity among customers over the last few years for cooking and baking.
North America dominated the industry due to the existence of a broad customer base. The U.S. is a major market in the region. The Asia Pacific is expected to see the fastest growth in the forecast period. The fast-growing food processing industry in the area is expected to have a positive effect on demand for margarine in the coming years. In addition, growing consumer health concerns are spurring regional market growth.
Structural Insights: https://www.kbvresearch.com/margarine-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Bunge Limited, Wilmar International Limited, BRF S.A., Land O'Lakes, Inc., Conagra Brands, Inc.,Associated British Foods PLC (Wittington Investments Limited), Upfield Holdings B.V. (KKR & Co., Inc.), NMGK Group, Richardson International Limited (James Richardson & Sons, Limited), and Yildiz Holding A.S.
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